It will take time for the effect President Trump’s “Day of Liberation” The higher the US tariff announcement has become clear. In this case, we will provide a quick response and a quick response.
1) The tariffs announced are very large. Here is Figures showing historical US tariffs. You can see that the average rate after World War II is less than 10% after World War II. If you are squeaking, you can see that Trump tariffs increase in their first term in 2017. The jump in 2025 indicates the tariffs already announced earlier this year. Yesterday, the universal tariffs on US imports have been announced in more countries in many countries. I’m still sure that the average US tariff rate is calculated, but it’s probably more than 10%in the range of 20%. In short, Trump dates back to the US tariffs in the Great Depression and the late 19th century.
2) Better or worse tariffs are the political responsibility of the Trump administration. The tariff increase was not a bill proposed within the parliament, but after discussion and analysis, the voting rights were exercised. It was hidden behind the closed door.
3) It is not clear that President Trump has the authority to actually impose such tariffs by law. Article 1 of the United States Constitution, which suggests the structure and authority of the legislative branch of Chapter 8: “Congress must have the authority to collect taxes, obligations, impositions and consumption and pay off debt, and have the authority to provide general defense and general welfare of the United States. Although he passed the law, he actually delegated the complete power of tariffs because of the fact that these parts and fragmented laws have been a “national emergency” that has a lack of trade after the 1980s!
4) Since the US import tariff is theoretically, half or 10%of foreign levels are theoretical theoretical, the tariffs are random and unclear. but James Repair Oki The Trump administration clearly divided the trade deficit of products with each country into the US imports of the country and called the “tariff rate” of the country. The minor problem of this calculation is that it does not contain the service, but only the transaction of the product. The main problem is that this is not actually the tariff rate that other countries claim. There will be a blizzard of the adjustment of the tariffs announced in my opinion, which means that uncertainty around me will continue.
5) The Trump administration made a promise to the benefits of this proposal. For example, the new tariffs will not cause price hikes to US consumers, as import tariffs are paid by foreigners. We promise that new tariffs will raise $ 600 billion annually from federal income, and the number of high -wage US manufacturing will rise rapidly, and US trade defects will be removed. for exampleWhen President Trump talked about the tariffs in the future, he said: “I know what I know: we will have hundreds of millions of dollars, and we will be too rich. We will not know where to spend the money! You will just have a job. We will have an open factory.”
6) These predictions on the positive effects of tariffs should be remembered. Forecasts do not fit the standard economic belief in the impact of tariffs. (In fact, given the benefits of all these promises, why did Trump not set tariffs to much higher levels?) Trump deserves tremendous credit. On the contrary, if they are not realized and more economic results, Trump will be a tremendous responsibility.
7) Whether you like it or not, multinational companies have actually invested in a global network to buy supplies and export products over the last decades. As the port tariffs are much higher, the investment value of major US companies is actually hit. When other countries retaliate for US exports, all US exports, including these major companies and agricultural products, will be hit. The cost of supply chain and export sales for US companies will be very realistic. The cost of losing existing trade profits will be very realistic.
8) I am not political, but it seems that Trump is making potentially enormous errors by raising tariffs dramatically. Those who hunt the government’s waste and abuse in opposition to many immigration, immigration and so -called “Dei” efforts, such as Trump’s many policies, have a significant wave of popular cognition. But I did not observe a similar public cry for the actually high tariffs. Instead, many Trump voters expressed strong concerns about raising living expenses. These voters will not be happy to find out that the price of imported products rises (or that such products can’t be used much less), and there is a lack of competition with imported products. Trump voters who work in the industry that depend on exports will not be happy to see the decrease in the international market. In addition, by enacting such a tariff policy near his term, Trump will still influence the policy while becoming president. Credit or blame is his.
9) The United States enacted high tariffs during the Great Depression, the infamous Smooth-Hawley tariff in 1930. These tariffs were not the main cause of depression, but it did not help. My meaning is that the experience of failed tariffs is part of American political consciousness for decades. But the experience eventually disappeared with popular memories. My expectation for Trump’s tariffs will have lobby and renegotiation waves, each of which will claim another victory over his approach. But I confess to dark thoughts. Some of my hopes for Trump to maintain his tariffs until the cost is widely clear to everyone, so modern consciousness about why this approach is not working can be effective for the next decades.
10) President Trump’s argument for the benefits of tariffs seems to be clearly based on false beliefs. For example, he believes that trade imbalances are the result of tariffs, and the existence of trade balance is imposing unfair trade imbalances by other countries, and that the US mutual cheating will eliminate trade imbalances. He believes that import tariffs will not affect US consumers. He believes that the manufacturing industry, including China, is decreasing worldwide, but tariffs will resurrect manufacturing jobs in the United States. Nothing is plausible. Trump is also more likely to have a stronger relationship with world trade, making the US economy stronger. But I do not know the actual case of the country that made him rich by withdrawing from the world economy.
